Accenture (ACN) PT Raised to $152.00 at Barclays

Accenture (NYSE:ACN) had its price objective lifted by stock analysts at Barclays from $135.00 to $152.00 in a report issued on Friday, December 22nd, Marketbeat reports. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Barclays’ target price indicates a potential downside of 5.07% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price objective (up from $151.00) on shares of Accenture in a research note on Friday, December 22nd. Pivotal Research raised their target price on Accenture from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Bank of America raised their target price on Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. SunTrust Banks reissued a “hold” rating and issued a $164.00 target price on shares of Accenture in a research note on Thursday, December 21st. Finally, Cowen reissued a “buy” rating and issued a $165.00 target price on shares of Accenture in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $156.57.

Shares of Accenture (NYSE:ACN) traded up $1.00 during trading hours on Friday, hitting $160.11. Accenture has a 12-month low of $112.31 and a 12-month high of $160.63. The stock has a market cap of $102,640.00, a P/E ratio of 28.39, a PEG ratio of 2.40 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. analysts anticipate that Accenture will post 6.64 EPS for the current year.

In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the completion of the sale, the chief accounting officer now directly owns 8,932 shares in the company, valued at $1,414,560.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $138.94, for a total transaction of $305,668.00. Following the completion of the sale, the insider now owns 117,151 shares of the company’s stock, valued at $16,276,959.94. The disclosure for this sale can be found here. Insiders sold 82,116 shares of company stock valued at $12,211,924 over the last 90 days. 0.21% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its holdings in shares of Accenture by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Accenture by 0.9% during the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Accenture by 1.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 24 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Accenture by 5.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 52 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.

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Accenture Company Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

Analyst Recommendations for Accenture (NYSE:ACN)

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